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Tag: subprime
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2010.04.27 21:58:01 What's a subprime mortgage originator ? A person or company that pushes people between the 5th and the 29th percentile to take on debt that they cannot repay What's a subprime mortgage broker? A company that buys the subprime mortgages from the originator and sells it to an investment bank What's a subprime...... Read more...
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2010.04.19 11:55:55 Swiss negotiation technique consists of hitting hard on some points, and then soothing the counterparty's feelings by giving in on some items you can let go. Goldman Sachs is now being hit hard by the SEC, but funnily enough, the rescue package offered to Goldman was given before the hammer. It is interesting...... Read more...
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2008.12.14 00:00:00 The Medieval Times had loads of stories about dragons and monsters, how knights fought them and won pride and glamor when returning with the monster's head. Here's an absolutely marvelous piece on how the Investment Bank monster swallowed so much money before exploding, with the Government stepping...... Read more...
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